Dyersburg Tennessee Area Real Estate Information

Just wanted to post some hard numbers for listed property sold through our MLS for the years 2004 and 2005 and Jan 1-July1, 2006.

For the year 2004 and for Dyersburg and the counties we cover Dyer,Lake,Crockett, and Gibson and Lauderdale

Total sales for residential, commercial,land $55,180,419

Average price per home sold $92,199


Now jumping forward to 2005 for Dyersburg and surrounding areas

Total sales for residential, commercial ,and land $57,323,798 increase of $2,143,379(3.9%)

Average price per home sold $95,222 increase of $3023.00(3.3%)


Now jumping to current year Jan 1 - July 1 $29,697,579 (05 same period-$28,513,768)

That is an increase of $1,183,811 (4%) and average price per home for same period$96,330(05) and average price per home in (06) $103,117 which is an increase over 05 of $6787 (7%)


Let me summarize these numbers then tell you what I think:

1. Our total real estate sales jumped 3.9% from 2004 to 2005 with average price jumping 3.3%
2. Our total real estate sales jumped 4% (so far) from 2005 to 2006
3. Average price per home jumped 7% from same period 2005

We are in a growing economy with home prices being pushed up because of more demand than supply. Our factories are all doing well and factories in adjourning areas are also doing well.

I believe Dyersburg is becoming more micropolitian and will continue to grow even more. We are not in a housing bubble in our area as these numbers show and I believe the growth rate for sales and average price per house will continue to do very well.